Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.021%
Price spread now: Paradex against Variational Omni+0.375%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.375% dearer against Variational Omni than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7128 | −0.0006 | get 0.0003% / 4h | 2h 43m | $1.0M | $722K | — |
| Short | Paradex ETHFI-USD-PERP | 0.7155 | 0.0039 | get 0.0039% / 8h | 6h 43m | $6K | — | 5x |
Variational Omni ETHFI
Paradex ETHFI-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.46
- Price spread: +0.375% → 0.000%
- $37.48
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $42.95
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, just now; Paradex: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, just now | 5.61 bp | doesn't fit | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0312% | 4h | 0.7133 | +0.072% | $88K | $169K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0212% | 4h | 0.7145 | +0.240% | $16K | $1K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0030% | 1h | 0.7151 | +0.324% | $41K | $13K | 10x | as long as short |
| Variational Omni ETHFIlong | −0.0006% | 4h | 0.7128 | long leg | $1.0M | $722K | — | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.573% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERPshort | +0.0039% | 8h | 0.7155 | +0.375% | $6K | — | 5x | |
| Lighter ETHFI | +0.0096% | 1h | 0.7161 | +0.462% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7163 | +0.491% | $17.9M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7157 | +0.407% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7153 | +0.352% | $24.9M | $36.5M | 75x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Deribit ETHFI_USDC-PERPETUAL
Injective ETHFI/USDC PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7151 | +0.324% | $18.0M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7155 | +0.380% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7156 | +0.394% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7150 | +0.310% | $15.6M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7148 | +0.282% | $1.2M | $259K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7148 | +0.282% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7153 | +0.352% | — | $26.0M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7145 | +0.243% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7138 | +0.142% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7147 | +0.274% | $98K | $383K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7146 | +0.255% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7169 | +0.577% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0227% | 1h | 0.7154 | +0.364% | $273K | $185K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7142 | +0.198% | $1.2M | $260K | 75x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT